Question: Real-Time Data Analysis Exercise The following table contains the values of two consumer price index categories from FRED* for July, 2021. Consumer Price Indexes: Selected


Real-Time Data Analysis Exercise The following table contains the values of two consumer price index categories from FRED* for July, 2021. Consumer Price Indexes: Selected Categories Month/Yr Housing Medical Care Jul/2021 280.943 524.431 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Because the index for medical care exceeds the index for housing, it must be the case that a unit of medical care costs more than a unit Suppose that prices for both housing and medical care increase by 10%. Complete the following table to show the increase that occurs in Consumer Price Index Increases: Selected Categories Housing Medical Care
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